Question

Saved Help Save & E ises (1 p Check Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. a. $75,100 in raw materials were purchased for cash. 6. $72100 in raw materials were used in production. Of this amount $65,200 was for direct materials and the remainder was for Indirect materials c. Total labor wages of $150.600 were incurred and paid. Of this amount, $134,700 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $127,000 were incurred and paid. e Manufacturing overhead of $123,800 was applied to production using the company's predetermined overhead rate. All of the jobs in process at the end of the month were completed 9. All of the completed jobs were shipped to customers. h. Any underapplied or overapplied overhead for the period was closed to cost of Goods Sold. Required: 1. Post the above transactions to T-accounts. 2. Determine the adjusted cost of goods sold for the period. Complete this question by entering your answers in the tabs below. Required 1 Required 2 < Prev 1 of 4 Next > MacBook Air ** 21 D So F3 DO $ % 5 & 7 C 9 ) 0 2 3 4 6 8 W E R T Y U 0 Р S D F G I J к L < C V B N. м

Answer 1

Requirement (1) Particulars Particulars Amount $0 Cash Amount $75,100 $150,600 $127,000 Particulars Beg Bal Raw Materials Amount Amount $0 $72,100 $75,100 Particulars b Beg Bal а с a d End Bal $3,000 $352,700 Particulars f Particulars Beg Bal b с Work In Process Amount Amount $0 $323,700 $65,200 $134,700 $123,800 Particulars Beg Bal f Particulars g Finished Goods Amount Amount $0 $323,700 $323,700 e End Bal $0 End Bal $0.00 Particulars Particulars Particulars Beg Bal b с d Manufacturing Overhead Amount Amount $0 $123,800 $6,900 $26,000 $15,900 $127,000 РФ Particulars Beg Bal g h Cost of goods sold Amount Amount $0 $323,700 $26,000 End Bal $349,700 End Bal $0.00 Requirement (2) Adjusted Cost of goods sold $349,700.00 Note : Please comment down for any further clarifications